Report: Downtown Providence office vacancy increases to 12.2%

THE DOWNTOWN PROVIDENCE office vacancy rate at the end of 2019 was 12.2%./ PBN FILE PHOTO/CHRIS BERGENHEIM
THE DOWNTOWN PROVIDENCE office vacancy rate at the end of 2019 was 12.2%./ PBN FILE PHOTO/CHRIS BERGENHEIM
PROVIDENCE – The Downtown vacancy rate of office space increased roughly 2.4 percentage points year over year to 12.2% in the 2019 fourth quarter, CBRE Inc. said on Tuesday. Net absorption declined 61,052 square feet in the quarter, while occupancy of the Downtown area was 5.6 million square feet. The increase in vacancy was largely…

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